The difference between the two trading bots is as follows: DCA bot places one take-profit for all orders. Grid bot places take-profits for every order separately . DCA bot reduces the risk of purchasing high by investing at consistent intervals.
Read moreHow does 3Commas bot work?
The GRID bot is 3Commas’ newest bot, and it works by dividing a technical price chart into slices . Each slice, which covers a range of prices, is assigned a buy or sell signal. When the currency price crosses into a new slice, the bot will automatically buy or sell based on the signal assigned to that slice.
Read moreHow does a DCA bot work?
Strategy With long strategy the bot will buy coins with quote currency (second currency of the pair) and sell them later at the higher price . Short means the crypto bots will sell the base currency (first currency of the pair) you have and buy it later at the lower price.
Read moreDoes 3Commas work with Binance futures?
Binance Futures provides an opportunity for our users to make a profit even with a small starting deposit, so it is a unique chance. This opportunity for novice traders has realized thanks to the ability to be a Binance broker,” 3Commas said about the new futures support in the program.
Read moreDoes 3Commas work offline?
You can create additional offline exchange account for your hardware wallet . It allows you to see the actual value of all your coins. For example, if you have some crypto on a long term hold and do not want to count and analyze everything manually. Also, all your funds will be displayed on a single page.
Read moreHow do 3Commas bots work?
The GRID bot is 3Commas’ newest bot, and it works by dividing a technical price chart into slices . Each slice, which covers a range of prices, is assigned a buy or sell signal. When the currency price crosses into a new slice, the bot will automatically buy or sell based on the signal assigned to that slice.
Read moreWhat are short bots?
Short Bots activate when prices fall . They are not actually “shorting”, but leverage the principle of selling a token at a high price and buy it back at a lower price. This way profits are secured while maintaining the initial amount of tokens.
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